Summary
- The Block reported that the United States is set to impose a tariff of up to 21.6% on Bitcoin (BTC) mining equipment from Southeast Asia.
- With the expiration of the Trump administration's 90-day tariff deferral, it was announced that reciprocal tariffs will be officially implemented from August 7th.
- Meanwhile, BTC is trading at $115,261.98 on the Binance Tether (USDT) market, up 2.12% from the previous day.
According to cryptocurrency-focused media outlet The Block on the 6th (local time), with the expiration of the Trump administration's 90-day tariff deferral, the United States will formally impose reciprocal tariffs on Bitcoin (BTC) mining equipment from Southeast Asia starting August 7th (local time).
The tariff rate is expected to reach up to 21.6%. Meanwhile, as of 00:37 on the 7th, BTC is trading at $115,261.98 on the Binance Tether (USDT) market, up 2.12% from the previous day.
JH Kim
reporter1@bloomingbit.ioHi, I'm a Bloomingbit reporter, bringing you the latest cryptocurrency news.![[Exclusive] KakaoBank meets with global custody heavyweight…possible stablecoin partnership](https://media.bloomingbit.io/PROD/news/a954cd68-58b5-4033-9c8b-39f2c3803242.webp?w=250)
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